SINGAPORE (Aug 15): PropNex Realty, a subsidiary of PropNex Limited, is anticipating the total volume of new homes transactions to hit 8,500-9,000 for 2018.

This comes after private new home transactions, excluding executive condominiums (ECs), hit 1,724 for the month of July this year. The latest figure represents a significant 163% increase from 654 units sold in June 2018, as buyers rushed to beat the latest property cooling measures announced by Singapore’s government in early July.